Why people mostly fail in trading - page 8.

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Quote from: boyptc on February 04, 2024, 06:32:35 AM

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No man can master or learn anything absolutely from scratch. For example, when we were studying in school as children, we used to read what our teachers taught us over and over again so that we could learn it quickly. Similarly, for our detailed experience in trading, we need to learn about trading and practice it over and over again.

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No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Patience is standing up after failing again and again. If you fail once, try again. If you fail again, try again. Keep trying and you will succeed. Patience is the greatest power to succeed in anything. Those who have the power of patience are successful in life.

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Quote from: Fredomago on February 04, 2024, 07:16:59 AM

Better to be inspired and take that failure as another step to adjust and try working on it for the betterment of your next attempt. I agree with your statement that practicing whatever you learn will help you to gain more knowledge. It's different from just reading and watching how the trade is executed. By practicing it you will experience the emotion which most of the time drives you to fail, and you need to adjust to keep improving yourself.

Though it is going to depend on how you think your opportunity to succeed, as not everyone can be successful, from this venue not even you are keen if it's not for you things won't work the way you wanted it.

If we have been able to learn from the mistakes we have made and can correct them, then when we try again, of course we will do it carefully and will be able to complete perfectly what we have learned, yes, when we continue to repeat what we have learned carefully. well of course we will become experts in that field and also we will have a different way of solving it from the first one we tried, if we only read the theory and immediately put into practice of course the results obtained will not be the same as those who study with other people and keep repeating what they have learned they have learned this.

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Quote from: boyptc on February 04, 2024, 06:32:35 AM

Quote from: moneystery on February 03, 2024, 01:42:32 PM

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

Better to be inspired and take that failure as another step to adjust and try working on it for the betterment of your next attempt. I agree with your statement that practicing whatever you learn will help you to gain more knowledge. It's different from just reading and watching how the trade is executed. By practicing it you will experience the emotion which most of the time drives you to fail, and you need to adjust to keep improving yourself.

Though it is going to depend on how you think your opportunity to succeed, as not everyone can be successful, from this venue not even you are keen if it's not for you things won't work the way you wanted it.

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Quote from: moneystery on February 03, 2024, 01:42:32 PM

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

And you have to do it repetitively. One thing that I've learned as well is when you want to master something, you have to practice it and we all know about it.

No matter how many times you fail but if you have perseverance on it, definitely it's going to be worth it upon seeing the fruits of your practice.

If you fail, it's either you're out or you'll be inspired by that failure to make it right.

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Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

Quote from: snowpega on January 20, 2024, 08:45:20 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

There are many reasons why people mostly fail in trading.

Due to a lack of knowledge
They fell prey to FOMO
Don't have patience
They made impulsive decisions
They don't have good strategies for trading
they invest in shit projects
they don't know how to do TA and FA
They follow wrong signals from Groups

and many more, failing in trading depends on many factors

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Op had already listed many of the reasons why people end up losing in trading. It is good when we know what we want and how to get it without much difficulty or over thinking. The market is an open place for us to make money or lose money depending on our intellectual in trading. We might have the plan to make money in trade at the initial time then start seeing loses consecutively.
Sometimes we can't control what outcome we can get from the Crypto market.

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Quote from: ndutndut on February 02, 2024, 09:32:36 AM

Quote from: Inwestour on February 02, 2024, 05:47:06 AM

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Most of them experience losses in trading because many people think trading is easy and even underestimate their knowledge about trading or even think they have mastered everything about trading properly. Even though it is true as you said, trading is something very complicated and all strategies cannot be applied to everyone because it all depends on our suitability for the strategy. Maybe lastly, every time you trade, keep learning, even pro traders never stop learning about trading and use failure in trading as an experience so you don't repeat the same mistakes.

That is very true, they see people do crazy 100x leverage trading and make a lot of money from nothing and share it on instagram or tiktok, and they try to mimic the same thing and end up failing. It's quite clear that we are talking about something that is very rare, but when tens of thousands of people do it, every single day, it's only natural that you will see thousands of them every week.

This brainwashes some newbies that they are capable of making that much money with trading, and they should join, which only results with them not making that type of income at all. I believe that we are going to end up with a greater return eventually, we just need to accept the fact that it will take a while before we could get there.

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Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I believe that are required to come out profitable in trading are;

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

doing trading while still blind (not having any knowledge at all) has been done by many beginner traders so far, they are trapped by words of encouragement from out there that trading is an easy thing, but when they try it, they just realize that trading is not. as easy as they can imagine, the combination of skill, capital, and accuracy in decision-making is an important combination that gives a trader a high chance of making a profit.

there is one more thing that is most important, my teacher once said that in order to master a skill quickly, you must be guided by an experienced mentor, for that community is very important.

cryptoWODL

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Quote from: God bless u on February 02, 2024, 02:19:03 AM

It is better for a person to trade with a lot of patience. Patience is the one who completely ignores him for a while and then sell it in profit. Also, he should have a great teacher for him so that he can learn from it.

Don't have so much that you are busy in trading all the time. Trading is for long term and not at all for short term. Because I have had my experience in it.

You are absolutely right to be a good trader we must have detailed knowledge and experience about trades so we need to be very patient to do our trades. One can never become a good trader without patience and experience. There are many new members who are not experienced about trading or even don't know the details about trading yet they suddenly buy a coin and start trading and expect huge profit from it.

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Teach and learn as well as trade on it and invest a small amount in the beginning Then slowly increase of your amount and then keep the profit from it on the side.

Yes it is also a good idea because when we learn about trading from new situation if we start trading with small amount of money and do it regularly then we can get good profit sometime.

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Quote from: Ahli38 on February 02, 2024, 07:24:29 PM

Quote from: freedomgo on February 02, 2024, 06:57:08 PM

Majority of the traders do not come out successful and profitable but losing and frustrating. That’s the reality in trading. But the only difference is that some have managed to learned from their losses and aims to improve their trading skills and strategies, while others end up quitting because they cannot take the pressure anymore, and to cut loss from having consistent losses while trading.

But unfortunately more give up and quit trading than those who don't and learn from the experience. Learning from experience is hard enough to do because emotional baggage is the most stressful. But when we successfully learn from experience then we will never forget the insights we gained from the experience. And those who manage to become professional traders are those who have successfully passed this phase. That is, they learn from experience. They make observations and evaluations of their own trades and learn to correct the mistakes that still exist in the trades they have undergone and perfect them. So many Pro Traders are even able to create their own trading indicators from the results of their research.

If you arent really that serious on learning trading or really that have the passion and dedication about on acquiring such skill or not really have that kind of targets or goals on learning trading.
Failures? It is really just that normal but if you arent that serious when it comes on learning these things then you would really be just that making yourself that quitting directly or easily towards trading.
You wont really be caring up that much when it comes to recovery and learning and just quit up directly just because you are really that expecting something positive but it turns out that outcomes or results
did really go into the opposite side. This is why it would really be that best that when you do face up some problems or challenges then you should really be that able to adapt.

You wont really be able to make yourself that better if you are really that just easily give up on things on where you are really that expecting something
but cant be possible when you are slapped with the reality.

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Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I believe that are required to come out profitable in trading are;

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

As a newbie, if you develop feelings of getting rich quick, know that you are setting yourself up for failure because that is a bad habit of a trader. It is good to have proper knowledge about trading because social media influencers will deceive you on their videos on how they become rich quickly but will never tell you the negative part of it. As a trader, the best plan to follow is to do your own research on the way in which the market will favor you. A good trader is always one who learns well, and you have to develop patience because there is never a 100% guarantee that you will always make profit from trading, instead, you will either lose or gain because trading it's not an easy way to make money, it requires knowledge and thorough research.

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Quote from: freedomgo on February 02, 2024, 06:57:08 PM

Majority of the traders do not come out successful and profitable but losing and frustrating. That’s the reality in trading. But the only difference is that some have managed to learned from their losses and aims to improve their trading skills and strategies, while others end up quitting because they cannot take the pressure anymore, and to cut loss from having consistent losses while trading.

But unfortunately more give up and quit trading than those who don't and learn from the experience. Learning from experience is hard enough to do because emotional baggage is the most stressful. But when we successfully learn from experience then we will never forget the insights we gained from the experience. And those who manage to become professional traders are those who have successfully passed this phase. That is, they learn from experience. They make observations and evaluations of their own trades and learn to correct the mistakes that still exist in the trades they have undergone and perfect them. So many Pro Traders are even able to create their own trading indicators from the results of their research.

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Majority of the traders do not come out successful and profitable but losing and frustrating. That’s the reality in trading. But the only difference is that some have managed to learned from their losses and aims to improve their trading skills and strategies, while others end up quitting because they cannot take the pressure anymore, and to cut loss from having consistent losses while trading.

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Quote from: AnonBitCoiner on February 02, 2024, 11:23:49 AM

Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Sure all strategies should be learned, accepted and use on an accurate timing, some people think that they learned all the things and dive directly into trading but they forget that crypto trading is not an Easy field lots of years are required to learn and get experience.

Most of the time people choose the platform which boost in price at once so they put huge sum without realizing its reality because they are not familiar with the fact that every huge price coin does not perform better during Bull season.

They don't think with their active mind but follows others ideas and make their own ideas with emotions in which there is no knowledge involved so they loss all their amount and and they says that trading is not good option for earning but I think they should realize their own mistakes without blaming the field

In fact, those who first start trading thinking that they are very knowledgeable and experienced, then when they suffer a lot in trading, they must accept that trading is not an easy way to earn. I have seen many traders who commit themselves to fast trading without having any experience in trading and thus they end up hurting themselves very quickly so a trader should always follow the trading strategy and trade on the trading platform. One should never trade with little experience. But first and foremost in trading strategy is analyzing market conditions, avoiding excessive greed, and being patient during times of danger. Even if a trader has few qualities then he can get some success from trading.

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Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Sure all strategies should be learned, accepted and use on an accurate timing, some people think that they learned all the things and dive directly into trading but they forget that crypto trading is not an Easy field lots of years are required to learn and get experience.

Most of the time people choose the platform which boost in price at once so they put huge sum without realizing its reality because they are not familiar with the fact that every huge price coin does not perform better during Bull season.

They don't think with their active mind but follows others ideas and make their own ideas with emotions in which there is no knowledge involved so they loss all their amount and and they says that trading is not good option for earning but I think they should realize their own mistakes without blaming the field

Ahli38

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Most people who fail in crypto trading have a lot of factors to break down, but one thing that is certain is that they are not prepared for the level of volatility of the crypto market itself. I have an acquaintance who mastered basic analyses in crypto such as technical, fundamental and sentimental. But he is bad at emotional management. And as a result he has more loss ratios than profits. Even though his analyses are actually always quite good. But unfortunately he is a person who panics quickly and sometimes he goes out of his own plan. And well he is the type who is not ready to face the volatility of the crypto market which does require a high mentality or courage if you want to survive in crypto trading. Another important thing that traders must have is risk management. So that he continues to be at a safe point and can avoid bankruptcy. Each type of trading has different risk management. Like Spot and Future I have risk settings that I distinguish between the two.

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Quote from: Inwestour on February 02, 2024, 05:47:06 AM

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Most of them experience losses in trading because many people think trading is easy and even underestimate their knowledge about trading or even think they have mastered everything about trading properly. Even though it is true as you said, trading is something very complicated and all strategies cannot be applied to everyone because it all depends on our suitability for the strategy. Maybe lastly, every time you trade, keep learning, even pro traders never stop learning about trading and use failure in trading as an experience so you don't repeat the same mistakes.

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Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading.

Greed is the root of all failure in trading, no matter how good the trader strategy we use, if there is greed then our trading will not be successful, greed is also related to emotions.

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Quote from: BitcoinsGreat on February 02, 2024, 08:54:58 AM

Unless and until you are an experienced trader, there is no way that we can be safe from these precautions. The newbie trader will have less knowledge and even if they gain enough knowledge about the project, they may not be able to control their emotions.
Newbie traders will believe in the signals groups and that is another cause of their failure in trading.

We think that making money from the financial markets is easy while it is the most difficult thing. More people would lose in trading as compared to their winnings.

Yes, knowledge related to projects or trading can indeed be mastered by beginners. but experience in trading must be had with many trades carried out. it will not be easy for novice traders to become comfortable in creating a trading plan. they will certainly encounter problems and obstacles in their business. Relying on signals is not a solution, but when beginners have more knowledge, they can use signals as a source in making their analysis. and that will be quite helpful I'm sure.

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Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

Quote from: snowpega on January 20, 2024, 08:45:20 AM

Quote from: Barikui1 on January 20, 2024, 02:32:06 AM

There are many reasons why people mostly fail in trading.

Due to a lack of knowledge
They fell prey to FOMO
Don't have patience
They made impulsive decisions
They don't have good strategies for trading
they invest in shit projects
they don't know how to do TA and FA
They follow wrong signals from Groups

and many more, failing in trading depends on many factors

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Unless and until you are an experienced trader, there is no way that we can be safe from these precautions. The newbie trader will have less knowledge and even if they gain enough knowledge about the project, they may not be able to control their emotions.
Newbie traders will believe in the signals groups and that is another cause of their failure in trading.

We think that making money from the financial markets is easy while it is the most difficult thing. More people would lose in trading as compared to their winnings.

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Quote from: LastKiss on February 02, 2024, 07:10:30 AM

Quote from: Inwestour on February 02, 2024, 05:47:06 AM

Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading.

It's simple to say to not become greedy but it's hard in reality that's why most traders fail because they forget to take profit. Most of the people I met people who choose crypto because they want to get quick profit, we should remind them that crypto is not a quick profit scheme but it's a place where your patience, your greed, and your analysis are tested.

Totally that hard because if it was really just that easy then everyone would really be that profitable or making money or successful into this field but we do know that there would really be those people who do fail and commit out mistakes just because they have failed on doing even just with the basics. Trading is never been simple and trading is not for everyone but doesnt mean that you wont really be trying out to deal with it.
Greed is something that always a part of human being. Who doesnt really love money? Who doesnt really love on making profits? Of course and on the time that we do see those opportunity or doors of chances to
acquire such thing then we wont really be that tending to let it slip and would really be that diving in whether you do make yourself get prepared or not.

People would really be only making out those kind of realizations when they are on a tough situation or something on a condition which is hard and losing their money
but on the time that they are just that still fine then they wont really be caring at all.

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Quote from: Inwestour on February 02, 2024, 05:47:06 AM

Quote from: 2Pizza410000BTC on February 02, 2024, 01:25:48 AM

All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.

Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them.

Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading.

It's simple to say to not become greedy but it's hard in reality that's why most traders fail because they forget to take profit. Most of the people I met people who choose crypto because they want to get quick profit, we should remind them that crypto is not a quick profit scheme but it's a place where your patience, your greed, and your analysis are tested.

Topic: Why people mostly fail in trading - page 8. (Read 1946 times)